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Bank Accounts and Financial Institutions

What is a medallion signature guarantee and when do I need it?

Short answer

A stamp required by financial institutions to verify your identity when transferring securities (stocks, bonds, mutual funds). Banks and brokerage firms that participate in the program provide them. You cannot get one at a notary. If you are transferring investment accounts, you…

What this usually means

A stamp required by financial institutions to verify your identity when transferring securities (stocks, bonds, mutual funds). Banks and brokerage firms that participate in the program provide them. You cannot get one at a notary. If you are transferring investment accounts, you will likely need one.

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